GOP Rips White House For Butting Into Argentina Bond Case

Law360, New York (June 7, 2012, 8:28 PM EDT) -- The Obama administration is shortchanging U.S. investors by intervening on behalf of Argentina in a dispute between the South American nation and American bondholders, Republicans on a House Financial Services subcommittee charged Thursday.

Filing an unsolicited amicus brief with the Second Circuit in a case brought by investors seeking recoveries from Argentina's 2001 bond default is just one way the federal government is hurting, rather than protecting, the rights of U.S. institutional investors such as pension plans, mutual funds and 401(k) plans, according to Rep. Scott...
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